Treasury secretary blames China’s DeepSeek for stock-market plunge: ‘A Mag 7 problem, not a MAGA problem’
The stock market plunge has more to do with the surprise emergence of China’s DeepSeek artificial intelligence tool earlier ...
Treasury Secretary Bessent blames Trump tariff sell-off in markets on deflating AI bubble: ‘That’s a Mag 7 problem, not a MAGA problem’
Bessent appears to be more interested in bringing down borrowing costs to stave off a potential sovereign debt doom loop than ...
US could run short of money to pay its bills by August without a debt limit deal, CBO says
The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money ...
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IRS to stop issuing checks as part of Trump executive order
WASHINGTON -- An executive order signed by President Donald Trump last month is overhauling the way the government issues payments, including tax refunds. Starting Sept. 30, the Secretary of the ...
U.S. Could Run Out of Cash by July, Analysis Finds
The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress ...
The Associated Press on MSN8d
US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says
Copyright 2025 The Associated Press. All Rights Reserved. Treasury Secretary Scott Bessent speaks with reporters at the ...
Ukrainian News1d
US Treasury Secretary announces visit of Ukrainian team for minerals deal
A team from Ukraine will arrive in the US late this week or early next week to discuss an economic cooperation agreement ...
ABC News10d
US could run short of money to pay its bills by August without a debt limit deal: CBO
The United States is on track to hit its statutory ... After the debt limit was reinstated in January, in one of her last acts as Treasury Secretary, Janet Yellen said Treasury would ...